Wyndham Worldwide Corporation
business unit Wyndham Hotel Group recently signed an agreement with
Hoteles Costa del Sol hotel group to franchise three new hotels
under the Ramada Worldwide brand in Peru, South America.
Ramada Worldwide is a global chain of nearly 900 midscale and
upscale hotels spanning in over 50 countries around the world.
Presently, Wyndham Hotel Group's portfolio consists of nearly 90
properties and over 9,000 rooms in Latin America.
The agreement extends Wyndham Hotel group's alliance with Costa
del Sol hotel group. The franchisee company currently owns and
operates the Ramada Costa del Sol Lima Airport Hotel in South
The agreement will broaden the Ramada brand portfolio in some of
the most beautiful and well-traveled locations in Peru including
Cusco, Tumbes and Chiclayo. Moreover, Wyndham Hotel Group will be
able to expand its presence by affiliating existing portfolios and
national hotel chains in core markets of Latin America, which
includes Argentina, Brazil, Colombia, Peru and Mexico.
Wyndham Worldwide's Hotel Group business unit is world's largest
hotel group having around 7,150 hotels and approximately 609,300
rooms in 65 countries. Some of the renowned hotel brands are
Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Wingate by
Wyndham, and others. Additionally, the unit franchises the Planet
Hollywood Hotels, Dream and Night brands and provides management
Headquartered in Parsippany, New Jersey, Wyndham Worldwide,
having more than 55 brands, provides various hospitality products
and services to individual and business customers in the United
States and internationally. The company operates three business
units namely Wyndham Hotel Group, Wyndham Exchange & Rentals
and Wyndham Vacation ownership.
Wyndham Worldwide, which competes with
Starwood Hotels & Resorts Worldwide Inc. (
, currently retains a Zacks #1 Rank, which translates into a
short-term Strong Buy rating. We are maintaining our long-term
Neutral recommendation on the stock.
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